What is the BlueInvest Project Pipeline?

See our showcase of innovative projects and entrepreneurs who are shaping the Blue Economy.

Projects consist of innovative, scalable and sustainable business ventures from traditional and emerging sectors of the maritime economy.

The graphs below provide an overview of the country distribution, sector, and TRL of projects currently listed in the BlueInvest Project Pipeline.

 

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Selection Criteria:

Your company is EU-based or from an eligible sea basin region (Georgia, Turkey, Ukraine, Moldova, Montenegro, Albania, Bosnia-Herzegovina, North Macedonia, Serbia, Turkey, Israel, Egypt, Tunisia, Algeria, Morocco, Lebanon, Syria, Libya, Mauritania, United Kingdom, or Norway)

Your project TRL is 4 or higher

Your project sector is in one of the 10 blue economy sectors identified for this initiative

Your solution has a clear sustainable impact on the blue economy

Your project is looking for investment

Project Country

Country in which the project is being developed and / or implemented. 

Project Sector

Main blue economy sector the project relates to.

Project TRL

Current technology readiness level of the project. 

AIRSEAS
Seawing harnesses the power of wind, a free and unlimited energy source, to aid vessel propulsion and reduce fuel consumption by up to 20%. Inherited from the Aerospace Industry, Seawing’s automation and Digital Twin technology guarantee safe and simple operation without the need for deck crew intervention. With the potential to be used on any type of vessel, the modular design facilitates vessel retrofit and is fuel agnostic. Seawing is an enabling parafoil kite technology, that assists the Maritime Shipping Industry to achieve the IMO 2050 GHG Emission Targets, facilitating the transition to Zero Emission Shipping.

  • Blue renewable energy

Company behind project
AIRSEAS

France

About Us
The company was created in 2016 by some engineers coming from Airbus and who wanted to transfer the aeronautical expertise to the maritime sector to contribute to decarbonise the shipping sector.

Our team comes from the aeronautical, the maritime and the renewable energy sector.


Problem we are solving
The shipping sector amounts to 3% of the global emissions and 13% of the emissions within Europe. These emissions will keep on increasing if no solution implemented to decarbonize the shipping sector. Whereas, today the alternative fuels are neither mature nor in sufficient quantity and will require huge investments for the implementation of specific infrastructures, wind propulsion offers available solutions to be installed on a retrofit basis on any vessel.

Sustainable Impact on Blue Ecconomy
Our solution offers a reduction of fuel consumption and associated emissions of on average 20% (based on our modelling simulations). The return on investment varies between 3 and 5 years depending on the type of vessel, routing and consumption.

TRL
  • TRL 8 - Actual system completed through test and demonstration

  • Readiness Assistance Beneficiary

Financial Needs20 Millions Euros

Planned Funding Allocation
  • Improve our R&D: 60
  • Sales and Marketing: 10
  • Other, please specify: 30% dedicated to increase the ramp up and the industrialisation process